ICL Group (NYSE:ICL – Get Free Report) posted its earnings results on Monday. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03, Zacks reports. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm earned $0.11 EPS.
ICL Group Stock Down 2.6 %
ICL Group stock traded down $0.11 during midday trading on Tuesday, reaching $4.28. The company’s stock had a trading volume of 1,299,050 shares, compared to its average volume of 774,672. The business has a 50-day simple moving average of $4.11 and a 200-day simple moving average of $4.35. The company has a market cap of $5.62 billion, a P/E ratio of 13.81, a P/E/G ratio of 5.83 and a beta of 1.23. ICL Group has a fifty-two week low of $3.79 and a fifty-two week high of $5.54. The company has a quick ratio of 0.94, a current ratio of 1.62 and a debt-to-equity ratio of 0.31.
ICL Group Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.0133 dividend. This represents a $0.05 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, December 4th. ICL Group’s dividend payout ratio (DPR) is presently 45.16%.
Analysts Set New Price Targets
View Our Latest Stock Report on ICL
About ICL Group
ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.
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